American Express Co. (NYSE:AXP) has a beta value of 1.23 and has seen 3.5 million shares traded in the last trading session. The company, currently valued at $159.14B, closed the last trade at $219.84 per share which meant it lost -$4.27 on the day or -1.91% during that session. The AXP stock price is -5.39% off its 52-week high price of $231.69 and 35.9% above the 52-week low of $140.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.06 million shares traded. The 3-month trading volume is 3.08 million shares.
American Express Co. (NYSE:AXP) trade information
Sporting -1.91% in the red in last session, the stock has traded in the red over the last five days, when the AXP stock price touched $219.84 or saw a rise of 4.28%. Year-to-date, American Express Co. shares have moved 17.35%, while the 5-day performance has seen it change -2.52%. Over the past 30 days, the shares of American Express Co. (NYSE:AXP) have changed -1.58%. Short interest in the company has seen 7.6 million shares shorted with days to cover at 2.63.
American Express Co. (AXP) estimates and forecasts
Figures show that American Express Co. shares have outperformed across the wider relevant industry. The company’s shares have gained 47.23% over the past 6 months, with this year growth rate of 14.54%, compared to 11.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 34.70% and 11.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 9.40%.
17 analysts offering their estimates for the company have set an average revenue estimate of $15.79 billion for the current quarter. 17 have an estimated revenue figure of $16.51 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $13.05 billion and $15.05 billion respectively for this quarter and the next, and analysts expect sales will grow by 21.00% for the current quarter and 9.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.25% over the past 5 years. Earnings growth for 2024 is a modest 15.03% while over the next 5 years, the company’s earnings are expected to increase by 14.70%.
AXP Dividends
American Express Co. is expected to release its next earnings report on April 19 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.50 at a share yield of 1.14%. The company’s dividend yield has gone up over the past 12 months.
American Express Co. (NYSE:AXP)’s Major holders
Insiders own 21.06% of the company shares, while shares held by institutions stand at 65.27% with a share float percentage of 82.68%. Investors are also buoyed by the number of investors in a company, with American Express Co. having a total of 2,753 institutions that hold shares in the company. The top two institutional holders are Berkshire Hathaway, Inc with over 151.61 million shares worth more than $26.41 billion. As of Jun 29, 2023, Berkshire Hathaway, Inc held 20.59% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 47.42 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $8.26 billion and represent 6.44% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.36% shares in the company for having 17.37 million shares of worth $3.03 billion while later fund manager owns 14.16 million shares of worth $2.47 billion as of Jun 29, 2023, which makes it owner of about 1.92% of company’s outstanding stock.
